We reiterate our Buy recommendation with a TP of NOK 195/sh (150). Norbit has started 2025 on a strong note, continuing the momentum from year-end with another impressive report. While the stock has at times felt expensive due to consensus estimates consistently lagging, we believe Norbit’s proven ability to 'Explore More' revenue opportunities, through both innovation and M&A, supports continued upside not yet reflected in the current estimates. In our view, this track record now justifies a va ....
